Quote of the day
Chuck Jaffe, ?In short, reading the analysis and looking at the headlines first is fine; it makes you a more informed investor. Acting on it is where investors get themselves into trouble.? (Marketwatch)
Chart of the day
http://www.onlinetradersforum.com/at...303-png.39011/
Hedge funds are loading up on gold miners. (WSJ)
Markets
How is the Global Market Index Fund doing? (Capital Spectator)
It didn?t take much to turn market sentiment negative. (Joe Fahmy)
Why it isn?t surprising Treasury yields are continuing to decline. (Market Anthropology)
Strategy
No single measure of risk tells us all that much about our investments. (A Wealth of Common Sense)
Barry Ritholtz talks with Vanguard CEO John Brennan. (Soundcloud)
Four books for new investors including The Richest Man in Babylon by George Clason. (Millennial Invest)
An excerpt from Joshua Brown and Jeff Macke?s Clash of the Financial Pundits on the rise (and fall) of Joe Granville. (The Reformed Broker)
Research
Are cash flows a better predictor than earnings? (SSRN via @quantivity)
Why you should be reading more research papers on investing. (BetterBeta Trading)
A look at the pre-FOMC announcement drift. (Journal of Finance)
Companies
Kinder Morgan ($KMI) is consolidating its MLP units. (Bloomberg, WSJ, Dealbook, Focus on Funds)
Why is enterprise software so bad? (Worthwhile Canadian Initiative via @markthoma)
Newspaper companies are being thrown to the wolves. (NYTimes)
Finance
Blackstone ($BX) is increasingly coming into competition with Wall Street. (FT)
Don?t hire an investment banker unless you really want to sell your company. (The Epicurean Dealmaker)
Calpers is looking to simplify its portfolio. (WSJ)
Funds
Six steps to dumping a bad mutual fund. (Chuck Jaffe)
Bond funds continue to see inflows. (HORAN Capital)
What would it take for active managers to reverse the trend toward indexing? (Rekenthaler Report)
Does investors really need the Driexion iBillionaire ETF ($IBLN)? (ETF)
Global
Europe?s economy is in a depression. (Business Insider)
Economy
Did the Fed miss the boat on the junk bond bubble? (Pragmatic Capitalism)
The job market is shifting from employers to employees. (Bloomberg)
Earlier on Abnormal Returns
What you might have missed in our Saturday linkfest. (Abnormal Returns)
Mixed media
Andreessen Horowitz is investing in Buzzfeed. (NYTimes, Recode, Chris Dixon)
Should Bitcoin be treated as currency for tax purposes? (A VC)
In defense of Yo. (WSJ)
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